Rusoro Mining (CVE:RML) Trading 15.3% Higher – Here’s Why

Rusoro Mining Ltd. (CVE:RML) shares were up 15.3% during mid-day trading on Monday . The stock traded as high as C$1.05 and last traded at C$0.98. Approximately 485,008 shares traded hands during trading, an increase of 289% from the average daily volume of 124,538 shares. The stock had previously closed at C$0.85.

Rusoro Mining Stock Up 10.6 %

The firm has a market cap of C$412.45 million, a P/E ratio of -8.89 and a beta of 1.27. The firm’s 50-day moving average price is C$0.77 and its 200 day moving average price is C$0.93.

Rusoro Mining Company Profile

Rusoro Mining Ltd. engages in the acquisition, exploration, development, and operation of gold mineral properties in Venezuela. It primarily holds 95% interests in the Choco 10 mine; and 50% interest in the Isidora mine located in the El Callao district in south-eastern Venezuela. The company was formerly known as Newton Ventures Inc and changed its name to Rusoro Mining Ltd.